Subsequent Events |
9 Months Ended |
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Sep. 30, 2021 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent EventsOn October 6, 2021, the Company entered into a credit agreement with two banks (the "Credit Agreement"). The Credit Agreement provides for a senior unsecured borrowing of up to $500 million. The Company may increase the borrowing amount up to $850 million. Borrowings under the Credit Agreement bear interest at LIBOR plus 3.25% or Prime Rate plus 2.25% with a floor of 3.75%. The Credit Agreement matures on October 6, 2024. Concurrently with the entry into the Credit Agreement, the Company paid off the LOC, the LOC2 and all but one of its Construction Loans. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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